The Owner of a Local Pet Supply Store Fears Their

Multiple Choice

The owner of a local pet supply store fears their efforts to increase the store's gross profit and net income are futile. They compiled the following information from their financial statements over the last 2 years: Using horizontal analysis, what is the percent change in the Profit Margin ratio for year 2 compared to year 1? (Round profit margin ratios for years 1 and 2 to two decimal places.)

A) The store reported 10.09% change in its profit margin ratio from Year 2 compared to Year 1.
B) The store reported 14.18% change in its profit margin ratio from Year 2 compared to Year 1.
C) The store reported 14.09% change in its profit margin ratio from Year 2 compared to Year 1.
D) The store reported 14.86% change in its profit margin ratio from Year 2 compared to year 1.